British Royal Family Members Net Worth Explained
With their lavish weddings, expensive trips around the world, and luxurious residences, anyone could think that the British royal family is rolling in it, and it is expected that its most costly member should be, of course, Queen Elizabeth II. But what if we told you that she is not the most valuable one? Surprisingly enough, the youngest ones of the family are taking the lead, and in this article, we explain to you why.
We will also discuss the net worths of some of the most important members of the royal family. Believe it or not, this blue-blood household is not as wealthy as we might think. For commoners, their net values can sound like staggering amounts, but compared to other monarchies, like the Saudi Arabian, their incomes do not seem that high. This doesn't mean the family is short of funds, of course. Anyway, let's begin!
1. Queen Elizabeth
Fortune values the net worth of the ruler of the nation in approximately $425 million that derives from her personal properties, such as Balmoral Castle and Sandringham House, instead of those that belong to the Crown Estate. The difference is that Elizabeth could allegedly sell Balmoral Castle, but she cannot sell any residence that is owned by the Crown Estate. Nevertheless, she receives some income from it.
Just to have an idea, between 2017 and 2018, the earnings known as the Sovereign Grant were about $98.1 million. This money is used to cover the costs of staff, trips, the upkeep of palaces, and other types of expenses. And if that is not enough, the oldest monarch in history took in around $24.8 million in 2016 from the Duchy of Lancaster. Additionally, the ruler holds in trust a vast art collection that cost between $10 and $13 billion.
2. Prince Philip, Duke of Edinburgh
You must be awed at this, but the husband of the queen is not as costly as his children and grandchildren. His net worth is around $30 million that he takes in from different sources, according to House Beautiful. One of those is the amount he receives according to what the Sovereign Grant Act of 2011 establishes: $459.161 "to meet the expenses of carrying out his public duties."
However, due to medical reasons, the Duke of Edinburgh retired from his royal position in August 2017 at the age of 96. He had been previously admitted to the hospital, and that is thought to be the reason for his retirement. Needless to say, he counted with the full support of his wife. But due to this situation, it isn't clear if he still obtains the income that the Sovereign Grant Act provides.
3. Prince Charles of Wales
The soon-to-be king's net worth is, hold on tight, approximately $1.3 billion, according to some estimates. Most of his money comes from the Duchy of Cornwall, a private estate that funds the holder of the title of Prince of Wales and his entire family, including spouses. This duchy, established by Edward II in 1337, has $1.3 billion in assets.
This is because it owns lands and real estates like cottages and homes. It was reported that, between March 2016 and March 2017, Prince Charles received $22.9 million from it. He does not really own it but benefits from its incomes. However, once he becomes the ruler of the UK, the duchy will be passed to his oldest son and future Prince of Wales, William.
4. Prince Harry, Duke of Sussex
The newlywed's fortune is around $40 million, including the $16 million he inherited from his mother after her demise and some more from the Queen Mother. Now that he is married, his worth could increase five more million since that is the estimate for Meghan. The Duchy of Cornwall covers all his royal expenses, and just to have an idea, in 2016, Harry, Kate, and William received $4.2 for this purpose.
5. Camilla, Duchess of Cornwall
As reported by CelebrityNetWorth, the Duchess' is worth $5 million, but she does not need to worry much since her husband will be the king someday soon. But before she wedded the prince, she owned a $2.5 million home, but it is not known if she has other properties apart from that one. Nowadays, she does not need to feel anxious about her expenses since her Duchy takes care of all of them.
6. Prince Andrew, Duke of York
The middle brother of the family's worth is $75 million, according to the consultancy firm Wealth X in 2012. Part of this money comes from a trust that was established when he was a young boy. Andrew also receives a stipend every year from his mother of $ 408,000, according to Vanity Fair. Moreover, he gets a pension from the Royal Navy that is commensurated with his rank after retiring from Active Service.
7. Prince Edward, Earl of Wessex
Wealth-X also reported that the youngest son of Queen Elizabeth II and Prince Philip is valued at $45 million. Edward, along with his wife Sophie, receives a wage from the Queen stemming from the Crown State since they are full-time royals, and the Earl took over his dad's duties owing to sicknesses and his aging. The couple also owns different assets, but little information is known about it.
8. Anne, Princess Royal
The only daughter of the Queen is worth an estimated $30 million, according to the information provided by Wealth-X, a global leader in market research. Among her assets, we find a trust that was set up by her grandfather, George VI, jewelry worth $7 million, and a house worth $15 million. She also receives certain income from her mother every year, just as her brothers.
9. Zara Phillips
The daughter of Princess Anne and Mark Phillips and the eldest granddaughter of Queen Elizabeth II is worth $20 million, considering what Celebrity NetWorth reported about the Olympic equestrian. She does not have a royal title, but she does have a wealth of a royal member. In fact, Daily Mail explained the benefits of lacking a "princess" next to her name. She can launch a jewelry line, sell photos to tabloids, or sign endorsement deals.
10. Princesses Beatrice and Eugenie of York
The two daughters of the Duke of York have around $5 and $6 million each, according to Royal Splendor. They live for free at an apartment in St. James's Palace because their dad covers the $25,000 yearly rent. Each of them was awarded a trust after Andrew divorced from their mother, Sarah Ferguson. Moreover, their wealth also proceeds from a trust fund that the Queen Mother established.
11. Princess Diana
When the People's Princess got divorced from Charles a year before her demise, she received $22.5 million as part of the settlement. Additionally, she had an extensive collection of jewels. All that with any other personal belonging were given to her sons, Princes William and Harry, on their 30th birthday. It means that each one of them received around $16 million from their late mother.
12. Prince George
The future king of England's estimated net worth is nothing less than $3.08 billion. But don't get confused since there is a trick behind that number. It does not represent the little boy's net wealth but rather a calculation based on his contribution to the British economy, according to Brand Finance's study in 2017. The impact that the 4-yeard-old has on the fashion industry is hefty since every piece of clothing he wears is sold like hot cakes.
13. Princess Charlotte
According to the same branded business valuation consultancy, the little princess is worth way more than her brother in the fashion industry. Her estimation is around $3.84 billion, and she is only three years old. However, that number started to grow since the second she came into the world. But why is her worth higher than her older brother? Isn't he more valuable for being closer to the British throne?
The reason is that the market for women is ampler than the one for boys and men, and that is what Robert Haigh, Brand Fiance's marketing and communications director, described to Marie Claire. According to Haigh, "Charlotte's endorsement effect will likely be felt across a much broader range of products, brands or types of clothing than George's will, allowing greater scope for the monetization of her 'brand' and hence a higher value."
14. Prince William
Diana's oldest son is not worth more than his brother; both have received similar amounts. For example, William received a sliver of his late mother's fortune as well as Harry. Reportedly, when the siblings turned 30, they inherited around $16 million from her mother along with a jewel collection. At the age of 25, they also started receiving dividends of $450,000 yearly.
Thus, the second in line to the throne has an estimated net worth of around $40 million from all his incomes combined. The best part of all is that he doesn't need to touch the fortune he amasses to pay for his official expenses. The Duchy of Cornwall is in charge of that. The expenditure is funded in part through its annual revenue, and covering the official responsibilities of Harry, Meghan, William, and Kate cost around $4.9 million.
15. Kate Middleton, Duchess of Cambridge
Kate has not always been a royal. Before marrying Prince William, she was a commoner, but a very wealthy one though. The mother of three's family is the owner of a prosperous online mail-ordered supply store called Party Pieces, so her bank account was not ordinary even before her marriage. Her parents, Michael and Carole Middleton, are worth between $30 to $50 million.
House Beautiful believes that her current net worth is around $10 million. However, if we consider her value to the British economy, like her children, it could rise into the billions. Any dress the Duchess wears can be sold out in a matter of minutes. An additional perk is that her noble expenses are covered by the Duchy of Cornwall, so she has nothing to worry about. Clothes, trips, and jewels, everything she wants, she can get it.
It is very unexpected to find out that the little ones are worth more than the senior members of the royal family. We cannot imagine what the future departs for Prince George and Princess Charlotte. On the other hand, we bet you believed that the blue-blood family in the UK had more money, but any of us would love to have a sliver of their "small" fortunes. If you liked the article, share it with your friends and relatives!